Dorsey & Whitney Trust CO LLC Sells 14,383 Shares of U.S. Bancorp $USB

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in U.S. Bancorp by 2.8%, selling 14,383 shares and holding a total of 500,914 shares, valued at approximately $21.15 million.
• U.S. Bancorp reported an earnings per share (EPS) of $1.11 for the last quarter, exceeding analysts' estimates of $1.07, with a year-over-year revenue increase of 2.0%.
• The company recently announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 4.3% and a dividend payout ratio of 47.85%.

Dorsey & Whitney Trust CO LLC trimmed its holdings in shares of U.S. Bancorp (NYSE:USB - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 500,914 shares of the financial services provider's stock after selling 14,383 shares during the quarter. U.S. Bancorp accounts for approximately 1.2% of Dorsey & Whitney Trust CO LLC's portfolio, making the stock its 15th biggest position. Dorsey & Whitney Trust CO LLC's holdings in U.S. Bancorp were worth $21,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USB. Nuveen LLC purchased a new position in U.S. Bancorp in the first quarter valued at approximately $138,183,000. Vanguard Group Inc. increased its position in shares of U.S. Bancorp by 1.7% in the first quarter. Vanguard Group Inc. now owns 141,230,279 shares of the financial services provider's stock valued at $5,962,742,000 after buying an additional 2,393,383 shares in the last quarter. Northern Trust Corp boosted its stake in shares of U.S. Bancorp by 10.9% during the fourth quarter. Northern Trust Corp now owns 17,050,568 shares of the financial services provider's stock valued at $815,529,000 after acquiring an additional 1,670,305 shares during the last quarter. GAMMA Investing LLC grew its holdings in U.S. Bancorp by 4,160.7% in the 1st quarter. GAMMA Investing LLC now owns 1,547,616 shares of the financial services provider's stock valued at $65,340,000 after buying an additional 1,511,293 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of U.S. Bancorp by 17.4% in the 1st quarter. American Century Companies Inc. now owns 10,070,174 shares of the financial services provider's stock valued at $425,163,000 after purchasing an additional 1,493,318 shares in the last quarter. Hedge funds and other institutional investors own 77.60% of the company's stock.

U.S. Bancorp Stock Performance

NYSE USB traded up $2.0710 during trading on Friday, hitting $48.2410. The company's stock had a trading volume of 12,678,587 shares, compared to its average volume of 7,768,210. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average price of $45.70 and a 200 day moving average price of $43.83. The firm has a market cap of $75.07 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. U.S. Bancorp has a 52 week low of $35.18 and a 52 week high of $53.98.

U.S. Bancorp (NYSE:USB - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.04. The business had revenue of $7.06 billion for the quarter, compared to analysts' expectations of $7.07 billion. U.S. Bancorp had a return on equity of 13.08% and a net margin of 16.30%.U.S. Bancorp's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. U.S. Bancorp has set its FY 2025 guidance at EPS. Equities research analysts forecast that U.S. Bancorp will post 4.38 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.00 annualized dividend and a yield of 4.1%. U.S. Bancorp's payout ratio is currently 47.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen raised U.S. Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. DA Davidson increased their target price on U.S. Bancorp from $49.00 to $52.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. The Goldman Sachs Group increased their target price on U.S. Bancorp from $41.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 10th. Raymond James Financial raised shares of U.S. Bancorp from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $51.00 to $57.00 in a report on Monday, July 7th. Finally, TD Cowen initiated coverage on U.S. Bancorp in a research note on Thursday, May 15th. They set a "buy" rating and a $60.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, U.S. Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $52.55.

Insider Buying and Selling

In related news, EVP Souheil Badran sold 23,727 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $46.34, for a total value of $1,099,509.18. Following the sale, the executive vice president owned 70,346 shares of the company's stock, valued at $3,259,833.64. The trade was a 25.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.